Atlantic City Managers In Talks to Hire Restructuring Lawyers

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Josh Dawsey and Matt Jarzemsky An emergency manager tapped by New Jersey Gov. Chris Christie to study Atlantic City's deteriorating finances is preparing to interview restructuring lawyers, marking the latest step by authorities to tackle the city's woes. Hiring ...

China Resources Enterprise to Sell Non-Beer Assets

TODAY: April 21, 2015 PUB DATE: April 21, 2015

HONG KONG--Beverage and retail conglomerate China Resources Enterprise Ltd. (0291.HK) said Tuesday it will sell its non-beer business to its state-owned parent for HK$28 billion (US$3.6 billion). The Hong Kong-listed company said it will sell the non-beer business--with total assets ...

Asian Shares: Hong Kong Stocks Rebound -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Chao Deng Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher after the country's central bank governor paved the way for a further rate cut. The Hang Seng Index was ...

Oil Futures Rangebound as Markets Assess Supply Levels

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Tuesday with investors closely tracking oil production levels in the U.S. and the Organization of the Petroleum Exporting Countries. On the New York Mercantile Exchange, light, ...

Greek Bond Yields Hit Multiyear Highs

TODAY: April 21, 2015 PUB DATE: April 21, 2015

Greek government bond yields rose to fresh multiyear highs on Tuesday, driven by swelling concerns over the future of the country's beleaguered economy ahead of a key meeting of eurozone finance ministers later in the week. In early trade, the ...

Eurozone Government Debts Rose in 2014

TODAY: April 21, 2015 PUB DATE: April 21, 2015

The combined budget deficit of the eurozone's member governments narrowed again in 2014, but their combined debts continued to rise as low rates of inflation and weak economic growth damped tax revenues. The European Union's statistics agency said Tuesday the ...

Large Stock Builds to Keep Pressuring Oil Price - BP Chief Economist

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Sarah Kent LAUSANNE, Switzerland--Oil prices could remain under pressure through 2016 as significant stock builds now take time to be absorbed into the market, and even after supply and demand becomes more balanced, BP PLC's chief economist said Tuesday. ...

Wells Fargo Eyes GE Commercial Lender -- 2d Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Ted Mann, Emily Glazer and Dana Mattioli Wells Fargo & Co. is in talks to buy all or part of General Electric Co.'s biggest lending operation, a move that could help the San Francisco bank extend its lead in ...

Asian Shares: Hong Kong Stocks Rebound -- 2nd Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Chao Deng Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher amid expectations that the country's central bank could cut interest rates as soon as next month. The Hang Seng ...

Publicis Posts Sales Jump

TODAY: April 21, 2015 PUB DATE: April 21, 2015

PARIS-- Publicis Groupe SA Tuesday reported a 32% jump in first-quarter sales, boosted by the strong dollar and its latest digital acquisition as the advertising company works toward a recovery after a tough past year. Publicis said first-quarter sales rose ...

Twitter's Anthony Noto Had Top Pay of $73 Million Last Year

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Scott Austin Anthony Noto, the former banker who left his lucrative career at Goldman Sachs Group Inc. to become financial chief at Twitter Inc., was the top earner at the social media company last year. Mr. Noto had compensation ...

EU Puts Thailand On the Hook Over Illegal Fishing -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Trefor Moss MANILA--The European Union said Tuesday it will ban seafood from Thailand unless it clamps down on illegal fishing, while removing a similar threat from the Philippines and South Korea. Thailand was given six months to clean up ...

Australia RBA Signals Readiness for More Rate Cuts

TODAY: April 21, 2015 PUB DATE: April 21, 2015

SYDNEY--Australia's central bank signals further interest rates cuts may be needed to help rebalance an economy that is struggling to grow following the end of a decade-long mining boom. "Further easing of policy may be appropriate over the period ahead ...

Publicis Posts 32% Jump in First-Quarter Sales

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Ruth Bender PARIS-- Publicis Groupe SA Tuesday reported a 32% jump in first-quarter sales, boosted by the strong dollar and its latest digital acquisition as the advertising company works toward a recovery after a tough past year. Publicis said ...

Hong Kong Stocks Rebound

TODAY: April 21, 2015 PUB DATE: April 21, 2015

Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher after the country's central bank governor paved the way for a further rate cut. The Hang Seng Index was up 1.6%, recovering ...